Spanish Mountain Gold (CVE:SPA) Stock Price Down 14.8% – Should You Sell?

Spanish Mountain Gold Ltd. (CVE:SPA) shares dropped 14.8% during trading on Thursday . The stock traded as low as C$0.23 and last traded at C$0.23. Approximately 1,669,179 shares traded hands during trading, an increase of 229% from the average daily volume of 507,406 shares. The stock had previously closed at C$0.27.

Wall Street Analysts Forecast Growth

Separately, Atrium Research upgraded shares of Spanish Mountain Gold to a “strong-buy” rating in a research note on Wednesday, September 10th. One investment analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Strong Buy”.

Spanish Mountain Gold Stock Up 4.3%

The company has a current ratio of 5.99, a quick ratio of 3.03 and a debt-to-equity ratio of 0.26. The firm’s 50 day moving average price is C$0.16 and its two-hundred day moving average price is C$0.16. The company has a market capitalization of C$117.73 million, a price-to-earnings ratio of -24.00 and a beta of 1.28.

Spanish Mountain Gold Company Profile

Spanish Mountain Gold Ltd., an exploration stage resource company, engages in the acquisition, exploration, and development of mineral properties in Canada. It holds a 100% interest in the Spanish Mountain gold project, which comprises approximately 50 contiguous mineral claims and 13 placer claims covering an area of approximately 10,414 hectares located in the Cariboo region of central British Columbia.